Rio Tinto is a world leader in finding, mining and processing the earths mineral resources. The Groups worldwide operations supply essential minerals and metals that help to meet global needs and contribute to improvements in living standards. Rio Tinto encourages strong local identities and has a devolved management philosophy, entrusting responsibility with accountability to the workplace. Major products include aluminium, copper, diamonds, energy products (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc and zircon), and iron ore. The Groups activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa. Rio Tinto comprises wholly owned subsidiaries (such as Borax, Comalco, Hamersley, Rio Tinto Coal Australia, Kennecott and Rio Tinto Iron & Titanium), partly owned subsidiaries (Coal & Allied and Palabora) and non-managed, (Escondida) and joint ventures (Grasberg) in which public shareholders, other companies or governments are partners.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Iron:        29%
Coal:       19%
Copper     18%
Aluminum: 14.5%
Minerals:  12.5%
:              6%
Misc:        1%

RIO always pretty scary to trade as it can often zip up ior down by 200 or more.
anyway, currently looking pretty chirpy on the back of iron ore prices on the rise.
if final dma (25) can be firmly breached, then potential plenty of upside

for a similar reason, now look at POG which has already made a breakout

RIO now looking very nice indeed ....... as i mentioned on another thread, RIO make a very interesting if scary stock to trade, provided you stay nimble and awake ..... i would hazard a guess that 2800 or even 3000 are the next resistances, though i doubt whether i shall be foolhardy enough to stay in that long, at least with my current complete holding ...... a decent profit is a decent profit, but only when banked!

In answer to your point on the SOLA thread, the RIO/BLT/Chinalco/Alcan merger/takeover/joint venture rumour still worries me where this stock is concerned & also their huge debt pile. But as you say, probably worth a short term flutter

to my mind, RIO are a bit like the black market sardines ..... they're for trading, not eating!

I was talking to a golfing pal last week, who made a bomb during the Dotcom boom and is now retired prior to reaching the age of 50. He mentioned that Rio and other premium mining stocks tend to remain within Bollinger Bands. As you can see from the chart RIO is pushing the upper limit and is also facing the 200 MA resistance level. Wonder if tomorrow will be a 'Trader's' down day?

did not see that, but as a precaution, sold 50% this afternoon at a good profit ..... also sold 30% of my TLW holding again to lock in a good profit

Ah, that's why you have me to do your TA for you Ricardo!

just shows that my old woman's intuition was reasonably founded! .... felt that there was a decent profit to be had, and all too easy to find it has disappeared.

interesting about the bolli bands .... i checked RIO going back over 5 years, and it is indeed true .... however, as i am not sure how these bands work, it may be almost self-fullfilling

followed my own advice and treated this as a trading stock, so have now sold balance and made the bank manager happy ..... anyway, am off to bahrain (shall think of you Peter, in that scorching heat!) for a couple of days tomorrow, so shall not be able to monitor too easily

Am thinking of going to the F1 G Prix at Sakhir next year, Cynic. Any tips on where to stay?

i'm staying with a friend of mine in Bahrain, but your best bet is to go via the internet ..... tripadvisor isn't a bad site to start with, but it's nearly all american input ..... having done that, check the specific hotel site ...... be prepared to have your wallet emptied, for that part of the world is horrendously expensive in the tourist areas, dubai being the classic

Harry
I spent about 1 year working in Bahrain, most of the hotels are very similar in quality and amenities. If you want to push the boat out, stay at the Ritz Carlton :)

surely you cheated and had us poor taxpayers footing your bill - lol!

more seriously, other than the fact that prices will assuredly be inflated for the event, are there also reasonably and good places to stay and eat in bahrain?

The better quality hotels all offer much the same thing, Gulf hotel, The Diplomat etc. Best restaurant area is close to the Gulf Hotel, probably a choice of ten or so in close proximity. Can't remember all the names but Bamboo, Mezzeluna to name two. Food is actually reasonably priced, it's the alcohol that doubles the bill! Most of the hotels have restaurants, think the Gulf has five, of which the Thai is recommended and the Lebanese with belly dancer a good night out!

Harry put your tongue back in.....lol

it'll get badly sunburnt in bahrain at the moment, that's for sure!
must confess that i fail to see what is so exciting about F1 for there is so little over-taking.
on the other hand, motor cycle racing is really exciting to watch, at least on the box ..... is suspect it's equally dull trackside as you only see a fleeting few seconds of action

I used to work for Team Lotus (JPS) many years ago, so F1 is a bit of a hobby for me. I enjoy the travel & the circuit atmosphere & try & go to one meeting each year.
Unless I strike it particularly rich over the next few months, The Ritz is probably out of my budget, but I am more than happy to rough it with one of the local girls if necessary!

Nod nod wink wink ;)))))

local girls don't fuck, and stay well clear of the asian semi-pros who may will give you a leaving present!

Thats from a man who knows.......;))